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The closing price of Astera Labs Inc (NASDAQ: ALAB) was $90.38 for the day, up 4.55% from the previous closing price of $86.45. In other words, the price has increased by $4.55 from its previous closing price. On the day, 6.33 million shares were traded. ALAB stock price reached its highest trading level at $91.2199 during the session, while it also had its lowest trading level at $86.7.
Ratios:
Our analysis of ALAB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 10.46 and its Current Ratio is at 10.74. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on Nov-19-24, initiated with a Buy rating and assigned the stock a target price of $120.
On September 04, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $55.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $100.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $100 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 18 ’24 when SHM Investments, LLC bought 197,297 shares for $90.47 per share.
LAZAR JACK R bought 12,500 shares of ALAB for $1,087,500 on Nov 15 ’24. On Nov 11 ’24, another insider, Dyckerhoff Stefan A, who serves as the Director of the company, sold 50,000 shares for $92.03 each. As a result, the insider received 4,601,515 and left with 396,879 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALAB now has a Market Capitalization of 14335262720 and an Enterprise Value of 13448448000. For the stock, the TTM Price-to-Sale (P/S) ratio is 45.81 while its Price-to-Book (P/B) ratio in mrq is 16.11. Its current Enterprise Value per Revenue stands at 43.991 whereas that against EBITDA is -128.73.
Stock Price History:
Over the past 52 weeks, ALAB has reached a high of $100.09, while it has fallen to a 52-week low of $36.22. The 50-Day Moving Average of the stock is 39.20%, while the 200-Day Moving Average is calculated to be 46.53%.
Shares Statistics:
ALAB traded an average of 4.29M shares per day over the past three months and 7981300 shares per day over the past ten days. A total of 155.47M shares are outstanding, with a floating share count of 114.81M. Insiders hold about 27.62% of the company’s shares, while institutions hold 46.31% stake in the company. Shares short for ALAB as of 1730332800 were 10641402 with a Short Ratio of 2.48, compared to 1727654400 on 11097221. Therefore, it implies a Short% of Shares Outstanding of 10641402 and a Short% of Float of 9.609999499999999.
